The Global Water Desalination Market is Estimated to Witness High Growth Owing to Rising Scarcity of Freshwater Resources
The global water desalination market is witnessing robust growth owing to rising scarcity of freshwater resources around the world along with growing population. Water desalination involves removing salts and minerals from sea water or brackish water to make it suitable for human consumption. Techniques such as reverse osmosis, multi-stage flash distillation, multi-effect distillation are commonly used for water desalination. Countries in the Middle East, Australia and South Asia are heavily reliant on desalinated water to meet their rising freshwater demands.
The Global water desalination market is estimated to be valued at US$ 17.47 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global water desalination market are Acciona, Biwater Holdings Limited, Aquatech International LLC, IDE Technologies, Veolia Water Technologies, Doosan Heavy Industries Construction, Genesis Water Technologies, SUEZ Group, Aqua Filsep Inc., Hatenboer-water, Triveni Engineering Industries Ltd., Webuild Group, Barka Desalination Company, Fluence Corporation Limited, and Marine Water Production AS. These players are focusing on capacity expansion and developing new desalination plants to cater to the rising freshwater demands.
The Global Water Desalination Market Demand developing new energy-efficient desalination technologies to reduce operational costs. Countries in the Middle East, South Asia and Africa present significant growth opportunities owing to limited freshwater resources and rapidly growing population. Manufacturers are focusing on expanding their portfolio through strategic partnerships and acquisitions to gain access to new regional markets.
Global expansion of the water desalination market is driven by growing international collaboration between countries facing water stress. Countries in the Middle East and North Africa are extensively collaborating with countries in Asia Pacific and Africa to develop and finance new desalination plants. Manufacturers are also expanding their global footprint by establishing production and technical service centers across high growth regions to better serve regional demands.
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